Handelsbanken Fonder AB Increases Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Handelsbanken Fonder AB increased its holdings in CBIZ, Inc. (NYSE:CBZ) by 10.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 322,000 shares of the business services provider’s stock after purchasing an additional 30,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in CBIZ were worth $26,349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneva Capital Management LLC acquired a new position in CBIZ during the third quarter worth about $19,037,000. FMR LLC increased its stake in shares of CBIZ by 27.4% during the 3rd quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock worth $40,015,000 after purchasing an additional 127,822 shares in the last quarter. Premier Fund Managers Ltd raised its position in shares of CBIZ by 14.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider’s stock worth $54,375,000 after purchasing an additional 100,000 shares during the last quarter. Barclays PLC lifted its stake in CBIZ by 362.1% in the 3rd quarter. Barclays PLC now owns 78,711 shares of the business services provider’s stock valued at $5,298,000 after buying an additional 61,679 shares in the last quarter. Finally, Artemis Investment Management LLP grew its holdings in CBIZ by 18.5% during the 4th quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider’s stock valued at $32,234,000 after buying an additional 61,376 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Price Performance

NYSE:CBZ opened at $85.56 on Friday. CBIZ, Inc. has a 12-month low of $62.65 and a 12-month high of $89.25. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 36.25 and a beta of 0.95. The company’s 50-day moving average is $84.01 and its two-hundred day moving average is $75.88. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36.

Analysts Set New Price Targets

Separately, StockNews.com raised CBIZ from a “sell” rating to a “hold” rating in a report on Friday, December 27th.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.